The Economics of New Goods -- Contents -- Prefatory Note -- Introduction -- I. Historical Reassessments of Economic Progress -- 1. Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not -- 2. Quality-Adjusted Prices for the American Automobile Industry: 1906-1940 -- 3. The Welfare Implications of Invention -- 4. Science, Health, and Household Technology: The Effect of the Pasteur Revolution on Consumer Demand -- II. Contemporary Product Studies -- 5. Valuation of New Goods under Perfect and Imperfect Competition -- 6. Bias in U.S. Import Prices and Demand -- 7. The Roles of Marketing, Product Quality, and Price Competition in the Growth and Composition of the U.S. Antiulcer Drug Industry -- 8. From Superminis to Supercomputers: Estimating Surplus in the Computing Market -- III. Measurement Practice in Official Price Indexes -- 9. New Products and the U.S. Consumer Price Index -- 10. The Construction of Basic Components of Cost-of-Living Indexes -- 11. New Goods from the Perspective of Price Index Making in Canada and Japan -- Contributors -- Name Index -- Subject Index.